Crestline Management LP Increases Stock Position in United Rentals, Inc. (NYSE:URI)

Crestline Management LP increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 372.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,646 shares of the construction company's stock after purchasing an additional 8,395 shares during the quarter. Crestline Management LP's holdings in United Rentals were worth $7,499,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in URI. Capital World Investors grew its holdings in shares of United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after acquiring an additional 323,636 shares in the last quarter. Geode Capital Management LLC grew its stake in United Rentals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after purchasing an additional 20,401 shares during the period. Alliancebernstein L.P. increased its position in shares of United Rentals by 16.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after purchasing an additional 172,340 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of United Rentals by 9.8% during the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after purchasing an additional 97,336 shares during the period. Finally, Capital International Investors boosted its holdings in shares of United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after buying an additional 305,491 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial raised their price target on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and dropped their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Evercore ISI decreased their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and an average price target of $725.69.

Insiders Place Their Bets

In related news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.53% of the company's stock.

United Rentals Stock Performance

NYSE:URI opened at $657.98 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business's 50-day moving average price is $613.64 and its two-hundred day moving average price is $717.73. The stock has a market cap of $42.77 billion, a P/E ratio of 16.98, a PEG ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. United Rentals's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $9.15 EPS. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.09%. United Rentals's payout ratio is 18.54%.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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